PERA Falls Off A Cliff

August 22nd, 2009 by bpoulson Categories: Issue Papers, Publications 2 Responses
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IP-9-2009 (August 2009)
Author: Barry Poulson

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Executive Summary:
The Public Employees Retirement System (PERA) in Colorado is experiencing a funding crisis. The recent collapse of financial markets has resulted in a significant decrease in the value of the PERA portfolio. But the funding crisis in PERA is not just the result of problems in financial markets.

  1. [...] Colorado’s own Public Employees’ Retirement Association went the risky route and chose a whopping 8% rate of return. Such a hopeful outlook has been a point of debate for quite some time now. Barry Poulson discussed PERA’s extremely hopeful rate of return at length in this Independence Institute Issue Paper, PERA Falls Off a Cliff. [...]

  2. [...] Colorado’s own Public Employees’ Retirement Association went the risky route and chose a whopping 8% rate of return. Such a hopeful outlook has been a point of debate for quite some time now. Barry Poulson discussed PERA’s extremely hopeful rate of return at length in this Independence Institute Issue Paper, PERA Falls Off a Cliff. [...]